Absa Kenya Appoints Christine Mideva Sabwa as Non-Exec. Director
Absa Kenya Plc Board of Directors has appointed Ms. Christine Mideva Sabwa as an independent Non-Executive Director with effect from February 9th 2022.With over 25 years experience in Business Strategy, [...]
Mobile Money Transactions Ups 32% to Hit KSh 6.8 Trillion in 2021-CBK
Mobile money transactions in Kenya grew by 32% in 2021, data from the Central Bank of Kenya(CBK) shows. This growth in mobile money use is attributed to an increase in [...]CBK Collects KSh 25.8 Billion from Weekly T-Bills Auction
Central Bank of Kenya(CBK) received bids worth KSh 27.8 Billion at the weekly Treasury Bills Auction, an oversubscription of 115.82% and accepted KSh 25.8 billion. The most attractive instrument at [...]Central Bank of Kenya Says Stance against crypto unchanged
The governor of the Central Bank of Kenya Dr Patrick Njoroge said on Thursday that the bank's position on the unrestricted use of cryptocurrencies like Bitcoin in Kenya remains unchanged. [...]
DTB Partners with Tata Africa to Offer SMEs Vehicle Financing
Diamond Trust Bank (DTB) has partnered with Tata Africa to offer 100% financing which will enable small and medium sized enterprises (SMEs) acquire vehicles from Tata Africa. Through the scheme, [...]
KCB Group to Seek Another Buyout Deal in Tanzania
KCB Group is still pursuing another buyout deal in Tanzania even after it stepped away from the proposed transaction with UK-based Atlas Mara Limited for a complete acquisition of BancABC [...]Kenyan Banks' lending Activity to Slow As August 2022 Polls Take Shape Renaissance Capital
Kenyan Banks are expected to slow down their lending activity in the first half of this year as political campaigns gets heated and the 2022 August general polls approach. According [...]DTB Partners with Canton Chamber of Commerce for Financing
Diamond Trust Bank (DTB) has partnered with Canton Chamber of Commerce in Kenya (Guangdong Association) to offer financial services for the Belt and Road Initiative investors. The deal will see [...]GTBank Kenya Secures $15 Million Facility from IFC to support SMEs
IFC has announced it has extended a $15 million loan to Guaranty Trust Bank (Kenya) Ltd, a subsidiary of the Guaranty Trust Group, for lending to local businesses in the [...]CBK to Hold Top Policy Meeting on Jan 26th
The Central Bank of Kenya(CBK) top policy organ, the Monetary Policy Committee( MPC) is holding its first meeting on Wednesday this week. If the MPC retains the Central Bank Rate [...]CBK Accepts Bids Worth KSh 34.9 Billion from Two T-Bonds Auctions
The Central Bank of Kenya(CBK) received bids worth KSh 38.4 Billion during the Treasury Bonds Auction of January 19th 2022 and accepted KSh 34.9 Billion. Accepted amounts were made up [...]CBK Collects KSh 27.9 Billion at Weekly T-Bills Auction, 119.5% Oversubscription
The Central Bank of Kenya(CBK) received bids worth KSh 28.7 Billion out of the KSh 24 Billion offered at the Weekly Treasury Bills Auction, the second oversubscription in the year. [...]
